Oil prices remained steady as traders awaited further information on OPEC+ production strategies after a delay in a crucial meeting.
The OPEC+ coalition is set to meet on December 5 to discuss the potential revival of oil supplies or the extension of current production cuts into 2025. The outcome of this meeting is important as it could have a significant impact on global oil market dynamics and prevent an oversupply situation.
West Texas Intermediate crude was trading below $69 a barrel, while Brent crude settled above $73.